Japan's Mitsubishi to post first net loss -Nikkei

TOKYO, March 24 (Reuters) - Japanese trading house
Mitsubishi Corp is likely to post its first group net
loss of more than 100 billion yen ($890.08 million) in the
business year ending March 31, hurt by swelling impairment
losses due to the commodities slump, the Nikkei business daily
said on Thursday.

The company's impairment losses from such projects as a
Chilean copper concession and a liquefied natural gas stake in
Australia are expected to total around 400 billion yen and the
company is expected to downgrade its annual forecasts as early
as Thursday, the report said.
($1 = 112.3500 yen)
(Reporting by Osamu Tsukimori; Editing by Chris Reese)